Abaxis Inc. Reveals 45% Increase In Q2 Earnings

(RTTNews) - Abaxis Inc. (ABAX) reported a profit for its second quarter that climbed compared to the same period last year.

The company said its bottom line rose to $7.82 million, or $0.34 per share. This was higher than $5.40 million, or $0.24 per share, in last year's second quarter.

Analysts had expected the company to earn $0.32 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 10.9% to $55.97 million. This was up from $50.47 million last year.

Abaxis Inc. earnings at a glance:

-Earnings (Q2): $7.82 Mln. vs. $5.40 Mln. last year. -Earnings Growth (Y-o-Y): 44.8% -EPS (Q2): $0.34 vs. $0.24 last year. -EPS Growth (Y-o-Y): 41.7% -Analysts Estimate: $0.32 -Revenue (Q2): $55.97 Mln vs. $50.47 Mln last year. -Revenue Change (Y-o-Y): 10.9%